Oppose Cryptocurrency GENIUS Act

The GENIUS Act risks destabilizing the traditional banking system by prioritizing cryptocurrency investors over average bank customers in the event of insolvency. It fails to implement proper safeguards and oversight, potentially leading to a financial crisis akin to the 2008 housing market collapse. This bill caters to big tech companies by allowing them to create their own digital currencies, further consolidating their power while doing little to curb corruption and dark money influence through cryptocurrencies. I urge you to protect the integrity of our financial system and reject this misguided legislation that endangers the American people's savings and economic security. We must have robust regulations with stringent consumer protections before integrating cryptocurrencies into the traditional banking framework.